ca inc (CA) Details

CA, Inc. provides information technology (IT) management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment’s products portfolio include systems and database management, automation, application development, and security; and technologies comprise CA Application Lifecycle Conductor and vStorm Connect Data Streaming for big data. Its products are designed primarily for the IBM System z mainframe platform. The Enterprise Solutions segment provides products that operate primarily on non-mainframe platforms. It offers DevOps solutions, including application delivery, application performance management, and infrastructure management solutions; and Management Cloud solutions, such as IT business management, application programing interface (API) management, and enterprise mobility management solutions. This segment also provides Security solutions comprising a suite of identity and access management, and data protection solutions that enable manage and control access to applications and data in on premise and cloud deployments across Web, mobile, and API channels. The Services segment offers consulting, implementation, application management services, education, and support services to commercial and government customers. The company serves banks, insurance companies, other financial services providers, government agencies, global service providers, telecommunication providers, manufacturers, technology companies, retailers, educational organizations, and health care institutions. It sells its solutions through direct sales force, as well as indirectly through its partners. The company was formerly known as CA Technologies and changed its name to CA, Inc. in 2006. CA, Inc. was founded in 1974 and is headquartered in New York, New York.

ca inc (CA) Key Developments

CA Technologies announced that GDT is using CA Unified Infrastructure Management (UIM) in its newly expanded 3,200 square foot Network Operations Center (NOC) to safeguard connectivity and service levels for its customers around the world. Implemented in under 30 days, CA UIM has helped GDT to dramatically improve service quality, while reducing the cost of service delivery for its customers. The addition of CA UIM to the new GDT NOC, helps its engineers effectively manage the organization's tenfold increase in services by providing a comprehensive view of its clients' networks so that issues can be rapidly identified and resolved. This enables the team to proactively respond to real issues instead of simply reacting to alerts and alarms. As a result of the implementation, GDT has improved mean time to repair by more than 20% for many of its managed service clients.

CA Technologies Announces Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2015; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2016

Jul 23 15

CA Technologies announced unaudited consolidated financial results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenue of $977 million against $1,069 million a year ago. Income from continuing operations before interest and income taxes was $304 million against $313 million a year ago. Income from continuing operations before income taxes was $295 million against $299 million a year ago. Income from continuing operations was $207 million against $212 million a year ago. Net income was $212 million against $217 million a year ago. Basic and diluted income per common share from continuing operations was $0.47 against $0.48 a year ago. Basic and diluted net income per common share was $0.48 against $0.49 a year ago. Net cash provided by operating activities-continuing operations was $188 million against $166 million a year ago. Cash flow from operations increased compared with the year-ago period primarily due to lower vendor disbursements and payroll costs, and lower income tax payments partially offset by a decline in cash collections. Purchases of property and equipment were $13 million against $21 million a year ago. Non-GAAP income from continuing operations was $283 million against $289 million a year ago. Non-GAAP diluted earnings per share from continuing operations were $0.64 against $0.65 a year ago. Non-GAAP income from continuing operations before interest and income taxes was $405 million against $427 million a year ago.
The company updated its earnings guidance for the fiscal year ending March 31, 2016. For the year, the company updated its fiscal 2016 outlook for revenue, GAAP and non-GAAP diluted earnings per share from continuing operations, full-year GAAP and non-GAAP operating margin. This guidance includes the acquisition of Rally, which closed earlier this month, and assumes no incremental material acquisitions. The company expects the following: Total revenue to change in a range of minus 1% to flat in constant currency. Previous guidance was to decrease 2% in constant currency. At June 30, 2015 exchange rates, this translates to reported revenue of $4.04 billion to $4.11 billion. GAAP diluted earnings per share from continuing operations to increase in a range of 6% to 10% in constant currency. Previous guidance was to increase in a range of 12% to 17% in constant currency. At June 30, 2015 exchange rates, this translates to reported GAAP diluted earnings per share from continuing operations of $1.72 to $1.80. Non-GAAP diluted earnings per share from continuing operations to increase in a range of 2% to 5% in constant currency, unchanged from previous guidance. At June 30, 2015 exchange rates, this translates to reported non-GAAP diluted earnings per share from continuing operations of $2.37 to $2.44. Cash flow from continuing operations to increase in the range of 2% to 7% in constant currency, unchanged from previous guidance. At June 30, 2015 exchange rates, this translates to reported cash flow from continuing operations of $0.98 billion to $1.03 billion. The company expects a full-year GAAP operating margin of 28% and non-GAAP operating margin of 38%, which translates to a 2-point decrease and 1-point decrease from previous guidance, respectively. The company also expects a full-year GAAP and non-GAAP effective tax rate of between 28% and 29%, unchanged from previous guidance. Purchased software amortization per share expected to be in the range of $0.26 to $0.25. Other intangibles amortization per share expected to be $0.06. Internally developed software products amortization per share expected to be $0.18.

CA Technologies announced that Ayman Sayed has been named Chief Product Officer, effective August 10, 2015. Sayed will be based in Santa Clara, Calif., and report directly to Chief Executive Officer Mike Gregoire. Sayed served as Senior Vice President of the Network Operating Systems Technology Group at Cisco. He also led a Cisco wide engineering transformation to Agile software
development methodology. Sayed joined Cisco in 1999 and held leadership roles across several businesses including Core Routing, Edge Routing, Enterprise Access Switching, and most recently Mobility Virtualization. He also served as the Vice President of Engineering for the Unified Access Business Unit.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.